Originally posted by Clavius Oh, I believe that immediately. That's why I'm keeping my dayjob and just turn this hobby into a self-funding hobby.
In my case, there is not much cost anymore. I already have my own studio. Just a lens and new body now and then. I just need to make sure it would be equipment I would have bought as a hobbyist too.
That's right, you have your studio, the business does not. You invested a lot into the studio, didn't you, not just in cost but in hours spent fine tuning the setup etc...
Also consider this, your studio, likely in your house, is owned by you and / or your spouse. You need to be careful, in turning pro, that this is NOT attached as an asset of your business, least of all someone launches a lawsuit and attaches your house to the business.
Even as a weekend warrior, you should consider setting up a limited liability corporation, but you really need to look at separating any assets you already own, from the corporation, or selling them to the corporation, so that you are protected.
You should also consider business liability insurance, etc. once you put all these costs in,. plus your time, you will see what your hourly rate and job rate should be.
Remember it only takes one bad customer to cost you everything.